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Incentives & Programs :: Otsego County Loan Fund Program
Otsego County Rural Revolving Loan Fund Program
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Use:
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Retail, Commercial and Manufacturing Businesses
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Loan Amount:
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Range from $20,000-$150,000
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Interest Rate:
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4% fixed interest
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Term:
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3-5 years Working Capital
5-7 years Machinery and Equipment
10-15 years Real Estate Financing
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Project minimum:
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$50,000, with the County funding no more than 40% of the total project.
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Job Creation:
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One job should be created for every $20,000 borrowed.
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Click here for program guidelines and loan application
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